A man in the San Fernando Valley of California has agreed to plead guilty to wire fraud, after prosecutors accused him of running a multimillion-dollar Ponzi…
A Southern California business owner persuaded victims to invest in his companies, claiming he could detect Covid-19 based on video, and then made lavish purchases, prosecutors said.A man in the San Fernando Valley of California has agreed to plead guilty to wire fraud, after prosecutors accused him of running a multimillion-dollar Ponzi scheme targeting local Filipino community members, including senior churchgoers. , 48, has been accused of taking more than $5.
Licelle Cobrador, executive director of the Filipino American Legal Defense and Education Fund, called the allegations “mind-boggling,” given D’Habsburg’s shared background with his victims. “For Filipinos, when you identify as another Filipino, there’s an automatic affinity. They would just be more trusting,” Cobrador said, adding that the allegations suggest D’Habsburg “took advantage of that bond.
During the presentations, D’Habsburg would allege that he’d already received $500 million in investments from big names including Kobe Bryant, Michael Jordan, Joel Osteen and the Harvard University endowment, the plea agreement said. Additionally, D’Habsburg would claim that former secretaries of state, Mike Pompeo and Hillary Clinton, had consulted with him about his AI technology.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man accused of duping Filipino churchgoers with Covid test scheme to plead guiltyKimmy Yam is a reporter for NBC Asian America.
Read more »
Man pleads guilty to manslaughter for homeless man's slaying in San DiegoA young man pleaded guilty Monday to a voluntary manslaughter count for his role in the killing of a homeless man at Bonita Cove Park last year.
Read more »
San Diego Filipino American filmmakers showcase short films at CineLibre eventSee the short films of Luke Lace and Marissa Roxas, part of San Diego Filipino Cinema's celebration of its sixth anniversary, Thursday night at the Chula Vista Public Library.
Read more »
Win Tickets To FanExpo San Francisco With Our Exclusive GiveawayFanExpo San Francisco Ticket Giveaway - a hand holds a ticket for FanExpo San Francisco
Read more »
San Francisco wins order blocking Oakland’s airport from using ‘San Francisco’ nameReuters
Read more »
From San Francisco to San Diego: State legislator explores downtown recovery strategiesThe chair of the state legislature's Select Committee on Downtown Recovery toured part of downtown San Diego as part of an effort to revitalize downtown areas across the state.
Read more »